Word: unspent
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...Nationalist China, Lieut. General P. T. Mow (who likes to be called Pete) failed to account for $19 million in funds credited to his name in U.S. banks. Early this year, when his government sued in a Washington, D.C. federal court for an accounting and the return of any unspent money, Mow took a powder (TIME, March 10). His lawyer admitted that Mow had gone across the border to Mexico...
Each year in June, Government-spending suddenly shoots up high above the average of the other eleven months. Reason: June is the last month of the fiscal year, and unspent money on hand at year's end might give Congress the idea that the agencies could get along on less. Last week, with the year-end spree in full swing, Government-spending was costing each American family some $37.50 a week in taxes, as compared to a weekly average of $28.80 for the other months of the year...
...pursue a course which will lead to involvement in the civil conflict in China [and] will not provide military aid or advice to Chinese forces on Formosa." But, concluded the President, the U.S. will "continue the present ECA program of economic assistance," of which $100 million is yet unspent...
Thus ended a boom which began even before Pearl Harbor. During the war it was nourished by U.S. purchases of war materials, and after the war it was sustained by unspent dollar balances. The boom had done great things for Mexico. It had built new roads and had equipped them with so many new cars, new trucks, new buses that the country's faithful little burros were beginning to be pushed aside. It had reared a whole new generation of modern buildings in the capital, including a race course and two new bull rings. It had started new industries...
...Profits which are so high that they cannot be absorbed by investment, remain unspent and reduce consumer purchasing power," he explained. Keyser-ling also noted that the spending of war time savings, reconversion investments, and European aid buoy up the economy temporarily, but warned that a severe depression was inevitable unless income distribution is improved...